Comments on: Technical/Fundamental analysis a child’s game http://theessentialsoftrading.com/Blog/index.php/2009/04/28/technicalfundamental-analysis-a-childs-game/ Information and resources for those looking to learn about trading and the markets Wed, 23 May 2012 13:10:54 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: nikesh http://theessentialsoftrading.com/Blog/index.php/2009/04/28/technicalfundamental-analysis-a-childs-game/#comment-14040 nikesh Wed, 29 Apr 2009 01:29:09 +0000 http://www.theessentialsoftrading.com/Blog/?p=1207#comment-14040 Here is MY conclusion : Technical analysis as such like MA crossover, MACD, RSI, W%R are simply a waste. Rather a full waste.... Fundamental analysis is for the person who are seeing more than 5 years glued to a stock... The most important things are: 1. Keep your greed in control 2. Keep your fear in control 3. Use market information...... :). Now this is tricky part... really.... no, this is only thing you can do with trading (if you want to do successfully). USE MARKET INFORMATION and gauge the sentiments of the market. EOD/hourly/minute data of index will not help (If you plan to trade intraday.... well pivot points may be helpful). Analysis of all the constituent of index and major scrip outside will help. 4. BB, ATR, High/Low, Volume and open interest are some of things which are to be looked upon. 5. There is no escape of understanding the market. A $1,000,000 trading system will not be able to give you entry, stop & exit and being successful over the time. If I am not right in any/all of the above..... Please have a time to correct me..... Here is MY conclusion :

Technical analysis as such like MA crossover, MACD, RSI, W%R are simply a waste. Rather a full waste….

Fundamental analysis is for the person who are seeing more than 5 years glued to a stock…

The most important things are:

1. Keep your greed in control
2. Keep your fear in control
3. Use market information…… :) . Now this is tricky part… really…. no, this is only thing you can do with trading (if you want to do successfully). USE MARKET INFORMATION and gauge the sentiments of the market. EOD/hourly/minute data of index will not help (If you plan to trade intraday…. well pivot points may be helpful). Analysis of all the constituent of index and major scrip outside will help.
4. BB, ATR, High/Low, Volume and open interest are some of things which are to be looked upon.
5. There is no escape of understanding the market. A $1,000,000 trading system will not be able to give you entry, stop & exit and being successful over the time.

If I am not right in any/all of the above….. Please have a time to correct me…..

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